Pango Group

Long Beach, CA 90807

Single-Family Homes

www.pangogroup.com



Long Beach, CA 90807

Thu Jan 20 2022
This week the median list price for Long Beach, CA 90807 is $1,195,000 with the market action index hovering around 68. This is less than last month's market action index of 70. Inventory has decreased to 9. Click here to stay informed with the Long Beach market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Strong Seller's Market

Market conditions have been consistently cooling in the past several weeks. Because we’re still in the Seller’s zone, prices have not yet begun to drop. It may take a few more weeks of slack demand for prices to reflect and begin to fall. Expect prices to fall if the index persistently falls to the Buyer’s zone.

Long Beach, CA 90807

Thu Jan 20 2022
This week the median list price for Long Beach, CA 90807 is $1,195,000 with the market action index hovering around 68. This is less than last month's market action index of 70. Inventory has decreased to 9. Click here to stay informed with the Long Beach market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Strong Seller's Market

Market conditions have been consistently cooling in the past several weeks. Because we’re still in the Seller’s zone, prices have not yet begun to drop. It may take a few more weeks of slack demand for prices to reflect and begin to fall. Expect prices to fall if the index persistently falls to the Buyer’s zone.

Real-Time Market Profile

Never miss important changes in the Long Beach market.
Median List Price $1,195,000
Median Price of New Listings $0
Per Square Foot $543
Average Days on Market 110
Median Days on Market 42
Price Decreased 22%
Price Increased 0%
Relisted 11%
Inventory 9
Median Rent $1,500
Market Action 68
Strong Seller's Market

In this zip code this week saw relatively little price change from last week. However, we continue to demonstrate a nice up trend in general over the last several weeks.

Market Segments

Each segment below represents approximately 25% of the market ordered by price.

Median Price Sq. Ft. Lot Size Beds Bath Age New Absorbed DOM
$2,500,000 4,256 0.25 - 0.5 acre 5 4.5 82 0 0 17
$1,822,999 3,957 8,000 - 10,000 sqft 4 4.5 40 0 1 322
$1,176,000 2,291 4,500 - 6,500 sqft 3 3.5 52 0 0 31
$839,900 1,176 6,500 - 8,000 sqft 2 1 80 0 1 42